saas 2018 cpe Archives

January 13, 2018

Software Revenue Recognition Accounting Update 2018

SAN JOSE

The new Revenue Recognition Standard has finally been issued. The new guidance standardizes how companies should recognize revenue under U.S. GAAP and IFRS. This conference will go through the new guidance and address the latest developments in key areas, significant changes, scope, disclosure and impacts. The agenda is very similar to our more general Revenue Recognition conference but the examples, case studies and practical walk-throughs will be focused on software.

LEARNING OBJECTIVES:

Review the latest changes in key areas
Understand the big picture concepts from an SEC perspective
Begin to assess the effects of the new standard on your company or clients

REGISTRATION INFORMATION:

Cost $795 (Save $200 off the $995 fee if you register at least 45 days in advance).
We will email you a 25% off discount code for the hotel after registration

You can also register by phone, 610 789-3110
or Email questions or to be invoiced to: mtarman@acslive.com

Agenda: DAY 1
8:00	8:45	Continental Breakfast and Registration
8:45	10:45	Revenue Recognition: New Standard Lessons learned from the most recent amendments and EITFs Effective date and transition issues Scope of new standard and overviews
10:45	11:00	Break
11:00	12:30	Revenue Recognition: New Standard Key Areas and Examples Step 1: identifying the contract Step 2: identifying performance obligations Step 3: determine the transaction price Step 4: allocate the transaction price Step 5: recognizing revenue other provisions and implementation guidance
12:30	1:30	Lunch
1:30	2:45	Transition Issues What steps to take now Guidance on adjustments as business models evolve (i.e. cloud computing) Resulting changes to sales/operations/IT/accounting policies
2:45	2:55	Break
2:55	4:00	Commissions Preparing for commission accounting changes Estimating commission amortization Supporting audit requirements
4:00	4:05	Break
4:05	5:05	Revenue Recognition and Internal Controls ASC 606 Implementation project lifecycle Overview of the new rules from a control perspective Controls to consider External auditor considerations

Agenda: DAY 2
8:45	10:45	ASC 606: Connecting the Dots Work through a comprehensive example of a transaction under ASC 606 using a simplified version of a checklist Fully interactive session Tackle the standard step by step
10:45	11:00	Break
11:00	12:00	Case Study Continued...Plus Discussion on Disclosures
12:00	1:00	Lunch
1:00	2:15	Revenue Recognition: Case Studies and Practical Examples Collectibility, Contingent Revenue, Sales to Distributors Performance Obligations Over Time, Elimination of VSOE for Software Residual Approach, Term Licenses, Time Value of Money...
2:15	2:25	Break
2:25	3:35	Tax Impact of the New Standard Tax Principle for revenue recognition Examples Other considerations Next steps
3:35	4:30	Implementation Observations Making revenue recognition manageable for those on the front lines Engaging in a dialogue: narrowing the gap between sales and accounting When and how to communicate issues of emerging importance

Conference Series Speakers Include:
Shauna Watson RGP  Global Managing Director
Matt Svetich Effectus Group Director
Sydnie Karras PwC  Director
Denis Kozhevnikov Connor Group  Partner
Michael Dye PwC Director
Jamie Meyers PwC  Director
Adam Cheng KPMG  Director
Adrien Vion KPMG  Manager
Amanda Hurley Grant Thornton  Audit Partner
Jessica Knott Grant Thornton Audit Partner
Caroline Yan Connor Group  Senior Manager
Vibhor Chandra Ernst & Young  Senior Manager
Aleks Zabreyko Connor Group  Partner